I regard NXT as the data infrastructure stock (a bit like TCLis the road infrastructure stock). There is significant up front capital cost, but once built, and utilisation reaches a % to cover all fixed costs, after that, every increase in utilisation translates to almost 100% profit. (Correct me if I am wrong, but there are very little additional inputs required.) So, yes, profit is currently low, but I have assumed that it will ramp up very very quickly. The other thing that impresses me with NXT is that they have used capital raising rather than debt to build the facilities. This provides a lot of protection for the business around a strong balance sheet.
While I am a new investor, I wish to increase my company knowledge and when I am satisfied with management and strategy, increase my holding further.
I have not been able to find whether NXT does analyst briefings and broadcasts them. Their website does not appear to have any links to webcasts. If they do, some info would be good.
HT1
NXT Price at posting:
$3.40 Sentiment: Hold Disclosure: Held
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